Fact: 23% (nearly a quarter of whites) are born into the top income quintile, 2% of Blacks. 46% of Whites are born above the middle quintile, 9% of Blacks.
Only 4% of those raised in the bottom quintile make it all the way to the top as adults.. just 8% of those raised in the top quintile fall all the way to the bottom...
And the stats for Black are even more bleak.. For more information:
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